KIAP lawyers have completed еCredit transaction of selling 25% shares to Yandex

KIAP lawyers have completed еCredit transaction of selling 25% shares to Yandex

KIAP Attorneys at law corporate practice team has followed “еCredit” transaction of selling 25% shares to Yandex.

The platform “еCredit”, founded by Kirill Larin in 2016 helps car dealers and car brands to sell them on credit. This service gives opportunity to see all offers in one window without any needs to request on the sites of all banks.

As it was informed earlier by the sides, after the transaction “еCredit” will remain independent company and will continue to develop by itself, and “Yandex” will not influence on operation decisions and platform’s work.

KIAP Attorneys at law corporate practice lawyers have accompanied the service founder on all the stages of the transaction, worked over transaction documentation, and also took part in several stages of negotiations with buyer, prior to the successful close of the deal.

«Accompanied transaction had both investment and strategic character, which determined the choice of contractual structure.IT business selling demands good understanding the subject and specifications of service functioning. It is remarkable that “еCredit” and “Yandex” transaction was accompanied online because of the restrictions COVID-19”,- remarked Anton Samokhvalov, KIAP Attorneys at law corporate practice partner.

On the part of KIAP, over the deal there worked: partner Anton Samokhvalov, Head of Banking & Finance practice Roman Suslov, and senior associate Ekaterina Spakhova.

We congratulate the deal sides with successful close and wish good luck in business development.

Corporate and M&A

KIAP Corporate practice provides full range of legal services in the area of corporate law and M&A, specializes in corporate structuring and maintenance of M&A transactions, advises on the development of operational structures for businesses, ownership and management structures by the group of companies, to name but three. The practice is headed by Partner Anton Samokhvalov, who has considerable experience in advising companies from various industries. Recommended by international legal rankings Legal 500 EMEA 2020 (Commercial, corporate and M&A: Moscow), Chambers Europe 2019 and Best Lawyers 2021 (Corporate Law, Mergers and Acquisitions Law). The clients of the practice are the largest Russian and international trading and manufacturing companies, multinational corporations and oil service groups. The practice is recommended by international legal ratings Chambers Europe 2020, Legal 500 EMEA 2020, IFLR1000, Pravo-300 and “Kommersant” rating.

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